Reg BI & Form CRS

The Securities and Exchange Commission (“SEC”) adopted Regulation Best Interest (“Reg BI”). Reg BI establishes a “best interest” standard of conduct for broker-dealers, Registered Investment Advisors (“RIA”), and associated persons when the make a recommendation to a retail customer of any securities transaction or investment strategy involving securities.

The SEC concurrently adopted new rules and forms to require broker-dealers and investment advisers to provide a brief Customer Relationship Summary (“Form CRS”) to retail customers.

Bancroft-Reg BI Disclosure

Bancroft-Form CRS